FedEx Express Commits $10 Million CSR Grant to Establish Centers of Excellence at IIT Bombay and Madras

• ByStartupStory     |    December 13, 2023

Global courier giant FedEx Express has announced a substantial $10 million corporate social responsibility grant dedicated to advancing education and innovation in India. The grant will be directed towards prestigious institutions, IIT Bombay and IIT Madras, with the aim of establishing globally recognized “Centres of Excellence” (COE) on both campuses.

These Centers of Excellence will serve as hubs for cutting-edge research and development initiatives, playing a pivotal role in fostering a vibrant talent pool. The grant will specifically support fellowship programs for Master’s and PhD students, providing a platform for aspiring researchers to engage in groundbreaking projects that can contribute to technological advancements.

One of the primary objectives of these COEs is to actively contribute to India’s burgeoning startup ecosystem. The focus will be on catalyzing innovation in cross-border logistics and seamlessly integrating digital intelligence into the field. By nurturing and supporting startups in these crucial areas, FedEx aims to be at the forefront of technological advancements in the logistics industry.

This commitment aligns with FedEx Express’ broader corporate social responsibility goals, reflecting its dedication to making a positive impact on education, research, and innovation. The collaboration with IIT Bombay and IIT Madras signifies a strategic partnership aimed at propelling India into a leadership position in the global research and technology landscape.

Speaking about the initiative, FedEx Express highlighted its vision to not only invest in education but also actively contribute to the development of a skilled workforce capable of driving technological innovation. The establishment of the COEs at two of India’s premier institutions underscores FedEx’s commitment to nurturing talent and fostering an environment conducive to groundbreaking research.

The $10 million grant is anticipated to have a lasting impact on the academic and research capabilities of IIT Bombay and IIT Madras. It reflects a strong commitment from FedEx Express to contribute to India’s journey toward becoming a hub for technological innovation, particularly in areas critical to the future of logistics and digital intelligence integration. The partnership holds promise for creating a lasting legacy in the field of education, research, and innovation at these esteemed institutions.

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